Tuesday – April 18, 2017

1:20 Overview of Forest Management Concepts & Terminology
• What are the major timber producing regions of the U.S.?
• What are the major timber types within each region?
• Site productivity: the potential of an area to grow trees
• Timber stands: the basic units of management
• Management strategies: even-aged and uneven-aged management
• When to harvest: rotation length & financial vs. biological maturity
• Logging methods for timber harvest: ground vs. cable and types of equipment
• Where do logs go? Timber products, relative values, and their end-use markets
• Land Expectation Value
• Stumpage value

2:15 Reconciling to a Final Value Opinion
• Strengths and weaknesses of each approach – discussion
• Final reconciliation of the group exercise results

2:45 Break

3:00 Effective Appraisal Review & Interaction with the Appraiser
• How to select the right appraiser
• Providing the right data to the appraiser
• Appraisal review checklist

4:00 Wrap up, questions and answers

4:30 Adjourn

About the Conference

Meeting Location
The seminar will be held at the Holiday Inn Portland South at 25425 SW 95th Ave. in Wilsonville, OR. The hotel can be reached at: 503-682-2211 or http: hiportlandsouth.com

About the Speakers

Roger Lord, ACF is the President of Mason, Bruce & Girard and leads the company’s timberland and natural resources valuation services. He has more than 30 years of experience in the areas of timberland appraisal, acquisition and divestiture due diligence, forest economics, and planning.

Roger is a state certified appraiser in Oregon, Washington, and Idaho and specializes in the appraisal of investment grade timberlands throughout the Northwest. In the last five years, the Appraisal Services Group has completed assignments on 10.8 million acres with an aggregate value of $26 billion. In addition to appraisals, he manages a variety of other projects at MB&G including acquisition & divestiture due diligence, stumpage valuations, forest planning, timber market studies, and biomass and timber supply analyses.

Roger received a B.S. in Forest Science and M.S. in Forest Resources and Operations Research from Penn State University. He is a Member of the Association of Consulting Foresters, member of the Society of American Foresters, and a Practicing Affiliate of the Appraisal Institute.

Zach Dewees is an appraiser in Mason Bruce & Girard's Appraisal Services Group. He is a State Certified General Appraiser and an SAF Certified Forester with 12 years of experience in timberland appraisal, forest management and planning, economic analysis, growth and yield modeling, inventory, and GIS. Zach specializes in the appraisal of investment grade timberlands and conservation easements as well as non-industrial timberland and recreational properties. He also focuses on stumpage valuations, acquisition and divestiture due diligence, and timber supply studies. Zach received his B.S. in Forest Management from Washington State University. He is a member of the Society of American Foresters and a Practicing Affiliate of the Appraisal Institute.

Brent Pederson is an appraiser in Mason Bruce & Girard's Appraisal Services Group, and is licensed in the states of Oregon, Washington, Idaho and Minnesota. At MB&G, Brent prepares appraisals of rural property, with a focus on timberland, recreational land, and rural residential estates. Brent has completed appraisals for purposes of tax appeal, acquisition, disposition, special benefit analysis, estate planning, and eminent domain, and has also provided expert testimony. With 13 years of appraisal experience, Brent has been involved in a wide range of property types. Brent received a B.S. in Real Estate Studies from the University of St. Thomas in St. Paul, MN, and is a Candidate for Designation with the Appraisal Institute.